President Donald Trump’s first 100 days in office have left Wall Street rattled, with his volatile approach to tariffs triggering global market instability—even as gold shines as the standout winner.
🔹 What’s Going On:
- Tariff threats targeted both allies and rivals
- Market volatility persists despite late-April rebound
- Most assets fell—except gold
🔹 Market Outlook: Michael Kantrowitz of Piper Sandler said:
“The primary driver of equities right now is all these headlines coming out of Washington.”
🔹 Gold Shines: Gold surged as investors sought safety from policy uncertainty. HSBC’s James Steel noted:
“It’s not whether the policy is good or bad—it’s the lack of clarity that supports gold.”🔹 What’s Next: Analysts predict more headline-driven volatility in the coming months, especially as tariffs remain center stage and tax policy negotiations lag behind.